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Leading Coke Bottlers – Kandhari Beverages and Enrich Agro Foods sign MoUs with the Haryana Govt to make additional investments in the state

08/03/2016

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MoU’s signed during the Happening Haryana Global Investors’ Summitentailing total investment of INR 510 Crores

Aimed at enhancing infrastructure at the respective bottling facilities and setting-up new manufacturing lines

These investments will create additional direct employment for over 325 people

Kandhari Beverages Pvt. Ltd. and Enrich Agro Food Products Pvt. Ltd., authorized franchise bottlers of The Coca-Cola Company in India, today signed a Memorandum of Understanding (MoU) with the Govt. of Haryana to expand their respective manufacturing infrastructure in the state. A fresh, combined infusion of INR 510 Crores will create an additional direct employment for 325 people.Gurgaon; 8 March 2016

Organized by the Govt. of Haryana to boost the ‘Make in India’ initiative by the Hon. Prime Minister Shri. Narendra Modi, the “Happening Haryana Global Investors’ Summit” seeks to attract high value investment opportunities in the state. As a part of the MoU, Kandhari Beverages Pvt. Ltd. will invest INR 300 Crores to set up multiple high speed manufacturing lines for Juice, Energy and Sparkling drinks at Saha in Ambala. To be completed by 2018, the investment will generate additional employment for 150 people. Enrich Agro Food Products Pvt. Ltd, on the other hand, will invest INR 165 Crores to set up a new manufacturing line for beverages in Rohtak by 2018 & INR 45 Crores in a packaging unit for Coca-Cola system which will create additional employment opportunities for 175 people in the state.The MoU’s were signed during the “Happening Haryana Global Investors’ Summit-2016” in Gurgaon by Mr. VPS Kandhari, Managing Director, Enrich Agro Food Products and Mr. Bikram Singh Kandhari, Executive Director, Kandhari Beverages. The signing ceremony took place in the presence of Shri. Manohar Lal Khattar, Hon. Chief Minister of Haryana, Mr. Nitin Gadkari, Union Minister for Road & Transport and Mr. Venkatesh Kini, President, CEO of Coca-Cola India and South West Asia.

The non-alcoholic ready-to-drink (NARTD) beverage industry is one of the largest investors in the country and has contributed significantly to the growth of allied industries thereby contributing significantly to the national GDP.

Mr. Bikram Kandhari, Executive Director of Kandhari Beverages Pvt. Ltd. said, “On behalf of the entire team at Kandhari Beverages, it gives me immense pleasure to announce this investment which will be utilized to enhance infrastructure in our bottling facilities and setting-up new manufacturing lines. The investment is rooted in the Government’s vision for the food processing sector and the role that the beverage industry can play in benefitting Indian farmers. It is also in keeping with Coca-Cola’s focus of providing more choice to the consumer.

Announcing the investment plan of INR 210 Crores in the state by his company, Mr. VPS Kandhari, MD of Enrich Agro Food Products Pvt. Ltd. said, “The beverage industry has played a critical role in integrating the farmers and millions of retailers. It also has strong backward and forward supply chain linkages, thereby creating a ripple effect across entire value chain. This investment will not only help us in augmenting our production capacity but also play a key role in contributing towards the social and economic well-being of the state.”

About Enrich Agro Pvt. Ltd. – Has been a franchise bottling partner of The Coca-Cola Company in India since 1993. It is headquartered in Gurgaon and operates two manufacturing facilities located in Gurgaon and Rohtak. Its two bottling plants produce aerated drinks in glass bottles and PET bottles for sale in South Delhi, Gurgaon and Faridabad markets. It has 6 distribution warehouses which cater to over 25,000 shopkeepers in parts of Delhi NCR.

About Kandhari Beverages Pvt. Ltd. – It is headquartered in Chandigarh and has the franchise rights from The Coca-Cola Company to sell a range of beverages in the states of Himachal Pradesh, Chandigarh, Parts of Punjab and Haryana. KBPL operates 3 manufacturing facilities in Ambala, Nabipur and Baddi. It has production capabilities to manufacture aerated drinks, juice drinks and packaged water. Its distribution network reaches to over 80,000 shopkeepers thru a vast network of over 300 distributors.

The Coca-Cola Company

The Coca-Cola system in India is comprised of Coca-Cola India Pvt. Ltd. (CCIPL), the concentrate manufacturing entity and 15 authorised bottlers of The Coca-Cola Company (TCCC), which are responsible for the production of ready-to-drink, non-alcoholic beverages under the Trademarks of TCCC, their distribution and sale in the territory of India. The system also comprises the India branch office of Coca-Cola India Inc., which provides guidance in relation to development of business in India.